SoundHound AI Joins Russell 2000 And Russell 3000 Indexes
Portfolio Pulse from Benzinga Newsdesk
SoundHound, an AI company, has been added to the Russell 2000 and Russell 3000 indexes. This inclusion is expected to increase the visibility and trading volume of the company's stock.
June 26, 2023 | 1:08 pm
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POSITIVE IMPACT
SoundHound's inclusion in the Russell 2000 and Russell 3000 indexes may lead to increased visibility and trading volume for the company's stock.
Being added to the Russell indexes typically increases a stock's visibility among investors and can lead to increased trading volume. This can result in a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100